Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES |
SCHEDULE 13G
INFORMATION TO BE INCLUDED IN STATEMENTS PURSUANT TO RULES 13d-1(b),(c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No.1)*
Cushman & Wakefield plc
(Name of Issuer)
Ordinary Shares, $0.10 nominal value per share
(Title of Class of Securities)
G2717B108
(CUSIP Number)
December 31, 2019
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☐ Rule 13d-1(b)
☐ Rule 13d-1(c)
☒ Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
| Page 1 of 6 |
| CUSIP No. G2717B108 | 13G | Page 2 of 6 Pages | |||
| 1 |
NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES
ONLY) | ||||
| 2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] | ||||
| 3 | SEC USE ONLY | ||||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Ontario, Canada | ||||
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 |
SOLE VOTING POWER
| |||
| 6 |
SHARED VOTING POWER 14,634,825 | ||||
| 7 |
SOLE DISPOSITIVE POWER
| ||||
| 8 |
SHARED DISPOSITIVE POWER
| ||||
| 9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 14,634,825 | ||||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] | ||||
| 11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.68%* | ||||
| 12 |
TYPE OF REPORTING PERSON
| ||||
* The calculation is based on a total of 219,170,366 Ordinary Shares (as defined below) outstanding as of October 31, 2019, as reported in the Issuer’s (as defined below) Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (the “Commission”) on November 6, 2019.
| Item 1(a). | Name of Issuer: |
Cushman & Wakefield plc (the “Issuer”)
| Item 1(b). | Address of Issuer’s Principal Executive Offices: |
125 Old Broad Street
London, United Kingdom, EC2N 1AR
| Item 2(a). | Name of Person Filing: |
Ontario Teachers’ Pension Plan Board (“OTPP”, and the “Reporting Person”)
Items 2(b). Address of Principal Business Office or, if none, Residence:
The principal business address of each of the Reporting Persons is: 5650 Yonge Street, 3rd Floor, Toronto, Ontario, Canada M2M 4H5.
Items 2(c). Citizenship:
OTPP is incorporated under the laws of the Province of Ontario, Canada.
| Item 2(d). | Titles of Classes of Securities: |
Ordinary Shares, $0.10 nominal value per share (“Ordinary Shares”).
| Item 2(e). | CUSIP NUMBER: G2717B108 |
Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a:
| (a) | ☐ | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); | |
| (b) | ☐ | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); | |
| (c) | ☐ | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); | |
| (d) | ☐ | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); | |
| (e) | ☐ | An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); | |
| (f) | ☐ | An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); | |
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| (g) | ☐ | A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
| |
| (h) | ☐ | A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); | |
| (i) | ☐ | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); | |
| (j) | ☐ | A non-U.S. institution in accordance with § 240.13d–1(b)(1)(ii)(J); | |
| (k) | ☐ | Group, in accordance with Rule 13d–1(b)(1)(ii)(K).
|
Item 4. Ownership
| Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. | |||
| (a) |
Amount beneficially owned: OTPP is the direct holder of 14,634,825 Ordinary Shares ("Ordinary Shares") of Cushman & Wakefield plc (the "Issuer"). | ||
| (b) |
Percent of class: 6.7% The calculation is based on a total of 219,170,366 Ordinary Shares (as defined below) outstanding as of October 31, 2019, as reported in the Issuer’s (as defined below) Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (the “Commission”) on November 6, 2019. | ||
| (c) |
Number of shares as to which the person has:
| ||
| (i) |
Sole power to vote or to direct the vote 0 | ||
| (ii) |
Shared power to vote or to direct the vote 14,634,825 | ||
| (iii) |
Sole power to dispose or to direct the disposition of 0 | ||
| (iv) |
Shared power to dispose or to direct the disposition of 14,634,825 | ||
| Page 4 of 6 |
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ].
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security
Being Reported on by the Parent Holding Company.
Not applicable.
Item 8. Identification and Classification of Members of the Group.
OTPP entered into a Stockholders Agreement, dated as of August 6, 2018, with certain other holders (the “Holders”) of Ordinary Shares. Pursuant to the Stockholders Agreement, OTPP and the Holders have agreed to, among other things, vote their Ordinary Shares to elect members of the Board of Directors of the Issuer as set forth therein.
Because of the relationship between OTPP and the Holders as a result of the Stockholders Agreement, the Reporting Person may be deemed, pursuant to Rule 13d-3 under the Act, to beneficially own the Ordinary Shares beneficially owned by the Holders. OTPP disclaims beneficial ownership of the Ordinary Shares beneficially owned by the Holders, except to the extent of its pecuniary interest therein, if any.
Item 9. Notice of Dissolution of Group.
Not applicable.
| Item 10. | Certification. |
Not applicable.
| Page 5 of 6 |
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.
Dated: February 7, 2020
| ONTARIO TEACHERS’ PENSION PLAN BOARD | |||
| /s/ Rossana Di Lieto | |||
| Name: Rossana Di Lieto | |||
| Title: Senior Managing Director, Chief Compliance Officer & Associate General Counsel | |||
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